Proposal Tax Reform/simplify (placeholder)

We need to stop the Horse manure of the current tax code.

Simpler is better...

Let's take the first $100,000 (100K) of income and break it down:

Say your income is:
min GROSS income/max Grossincome /max tax rate


00,000-20,000 NO tax
20,001-40,000 5% tax
40,001-80,000 7% tax
80,001-110,000 10% tax
100,001-160,000 12% tax

160K-200K 15% tax

(gross)All income >200K 15% tax PLUS additional tax on income OVER 200K

(gross)Incomes over 500K: 19% tax PLUS additional tax on income OVER 200K

(gross)Incomes over 1Mil: 23% tax PLUS additional tax on income OVER 200K

(gross)Incomes over 10Mil: 25% tax PLUS additional tax (20%)on income OVER 200K


and..
to really simplify

No deductions... except Medical expenses over 40% of gross income can be removed from taxes... Pay over 200% of income for medical expenses triggers 100% tax ??

mark Brown

this is a work in progress.

And this will help pay for some of these services.

Like all said, they all need to be juggled, so no 1 item fails!

cheers